The US State Department has ordered all United States diplomatic missions and consular offices worldwide to resume processing student and exchange visitor visas for Harvard University, following a federal judge’s decision last week to temporarily block President Donald Trump’s ban on international students at the Ivy League institution.

The directive, issued via diplomatic cable on June 6 and signed by Secretary of State Marco Rubio, comes in response to a temporary restraining order granted by US District Judge Allison Burroughs in Boston.

India’s extreme poverty rate dropped to 5.3 per cent in 2022-23 from 27.1 per cent in 2011-12, according to the latest estimates released by the World Bank. The decline amounts to 269 million people moving above the international poverty threshold over an 11-year period.

The number of individuals classified as living in extreme poverty fell from 344.47 million in 2011-12 to 75.24 million in 2022-23. The assessment is based on the $3.00 per day poverty line (in 2021 purchasing power parity terms).

India’s active Covid-19 case tally rose to 5,755 with 391 fresh cases reported in the past 24 hours, according to the latest data from the Ministry of Health and Family Welfare released on Saturday morning. At least four deaths were reported in the same period.

Of the four deaths reported in the past 24 hours, one each was recorded in Madhya Pradesh, Maharashtra, Kerala, and Tamil Nadu. The deceased included a 45-year-old woman with a nine-month pregnancy.

FMCG giant Procter & Gamble plans to cut 7,000 jobs from its global office workforce — roughly 15 per cent of its non-manufacturing employees — over the next two years, according to a report by the Wall Street Journal.

The maker of Tide detergent, Pampers diapers, and Bounty paper towels employed around 108,000 people as of June last year.

Pakistan Prime Minister Shehbaz Sharif and Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari praised US President Donald Trump at separate events on Wednesday, i.e., June 4, for his role in what the duo described as "de-escalating the tension" during recent conflicts with India, reported PTI.

Royal Challengers Bengaluru (RCB) on Thursday pledged ₹10 lakh each to the families of the 11 people who died during a stampede outside Bengaluru’s M Chinnaswamy Stadium during a victory parade celebrating the team's IPL title win.

"The unfortunate incident in Bengaluru yesterday has caused a lot of anguish and pain to the RCB family. As a mark of respect and a gesture of solidarity, RCB has announced a financial support of ₹10 lakh to each of the eleven families of the deceased," the franchise said in a post on X.

Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate's deepening role in the US tech giant's supply chain, two people familiar with the matter said.

As Apple looks beyond China for manufacturing, Tata has fast emerged as its key supplier and already assembles iPhones for local and foreign markets at three facilities in south India, with one of them also making some iPhone components.

Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.

This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits.

Dassault Aviation and Tata Advanced Systems Limited (TASL) have signed four Production Transfer Agreements to manufacture Rafale fighter jet fuselages in India for both domestic and international markets.

This marks the first time that Rafale fuselages will be built outside France. The collaboration supports the Indian government’s ‘Make in India’ initiative and aims to bolster self-reliance in the defence sector.

Hyundai Motor has divested its entire stake in Ola Electric, while fellow South Korean carmaker Kia has reduced its holding in the EV startup. The combined share sale netted approximately ₹6.89 billion ($80 million), news agency Reuters reported.

According to exchange data released on Tuesday, Hyundai, which previously held a 2.47 per cent stake, sold its shares at ₹50.70 each. Kia offloaded 0.6 per cent of its stake at ₹50.55 per share.

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